Dubuque Bank & Trust Co. raised its stake in J P Morgan Chase & Co (NYSE:JPM) by 1.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 158,219 shares of the financial services provider’s stock after buying an additional 2,031 shares during the period. J P Morgan Chase & Co makes up about 3.2% of Dubuque Bank & Trust Co.’s holdings, making the stock its 3rd largest position. Dubuque Bank & Trust Co.’s holdings in J P Morgan Chase & Co were worth $14,461,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Castleark Management LLC increased its stake in shares of J P Morgan Chase & Co by 88.5% in the fourth quarter. Castleark Management LLC now owns 88,400 shares of the financial services provider’s stock worth $7,628,000 after buying an additional 41,500 shares during the last quarter. Independent Advisor Alliance acquired a new stake in shares of J P Morgan Chase & Co during the fourth quarter worth $3,065,000. Archford Capital Strategies LLC increased its stake in shares of J P Morgan Chase & Co by 2.1% in the fourth quarter. Archford Capital Strategies LLC now owns 15,812 shares of the financial services provider’s stock worth $1,363,000 after buying an additional 330 shares during the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of J P Morgan Chase & Co during the fourth quarter worth $3,476,000. Finally, Wall Street Access Asset Management LLC increased its stake in shares of J P Morgan Chase & Co by 4.9% in the fourth quarter. Wall Street Access Asset Management LLC now owns 6,397 shares of the financial services provider’s stock worth $552,000 after buying an additional 300 shares during the last quarter. Institutional investors own 74.84% of the company’s stock.

J P Morgan Chase & Co (NYSE:JPM) traded up 0.40% during mid-day trading on Friday, hitting $91.89. 11,794,644 shares of the stock were exchanged. The company has a 50-day moving average of $92.15 and a 200-day moving average of $88.91. The stock has a market capitalization of $323.31 billion, a PE ratio of 13.56 and a beta of 1.19. J P Morgan Chase & Co has a 52 week low of $65.11 and a 52 week high of $95.22.

J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The firm had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. During the same quarter in the prior year, the firm posted $1.55 earnings per share. J P Morgan Chase & Co’s quarterly revenue was up 4.6% on a year-over-year basis. On average, equities analysts predict that J P Morgan Chase & Co will post $6.81 EPS for the current fiscal year.

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A number of brokerages have weighed in on JPM. Vetr downgraded J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 price target for the company. in a report on Monday, May 15th. UBS AG reiterated a “buy” rating and set a $101.00 price target on shares of J P Morgan Chase & Co in a report on Monday, May 15th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $92.00 price target on shares of J P Morgan Chase & Co in a report on Wednesday, June 7th. BMO Capital Markets reiterated a “hold” rating and set a $86.00 price target on shares of J P Morgan Chase & Co in a report on Friday. Finally, Credit Suisse Group raised their target price on J P Morgan Chase & Co from $102.00 to $103.00 and gave the company an “outperform” rating in a research note on Friday, July 14th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty have issued a buy rating to the company’s stock. J P Morgan Chase & Co currently has a consensus rating of “Hold” and a consensus price target of $85.72.

In other J P Morgan Chase & Co news, insider Nicole Giles sold 1,000 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total value of $91,290.00. Following the transaction, the insider now owns 3,783 shares of the company’s stock, valued at $345,350.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Stacey Friedman sold 9,968 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $90.55, for a total transaction of $902,602.40. Following the completion of the transaction, the general counsel now directly owns 10,527 shares in the company, valued at approximately $953,219.85. The disclosure for this sale can be found here. Insiders sold 28,564 shares of company stock valued at $2,605,334 in the last three months. 0.88% of the stock is currently owned by insiders.

About J P Morgan Chase & Co

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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Institutional Ownership by Quarter for J P Morgan Chase & Co (NYSE:JPM)

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